Mixed use, multi tenanted investment

62 King Street, Belper, Derbyshire, DE56 1PZ

£450,000 for the Freehold

2,031 Sq Ft

Key Features

  • Fully let producing £45,050
  • Two self contained shops on FRI leases
  • Three serviced office suites
  • Prominent corner position
  • Belper Town Centre - Popular market town
  • Potential to convert upper floors should tenants vacate STP

Full description

Fully let, mixed use, town centre investment comprising: two self-contained lock up shops each benefiting from their own WC and kitchen. Above the shops are three separately accessed office suites over the first and second floors. The offices are generally finished with carpet floor coverings, plaster painted walls, electric heaters and Cat II lights. The offices share kitchen and W.C. facilities, these are located on the first floor.

Location

Belper is a busy market town in the Amber Valley District of Derbyshire, located approximately 5 miles southwest of Ripley and 8.7 miles north of Derby. The property occupies a prominent corner position in the town centre and has excellent access to a broad range high street amenities, parking and public transport. Excellent commuter links are close by; the A6 which connects with Derby is situated 0.1 mile to the west and the A38 / A610 junction is just 4.5 miles to the northeast.

Planning

We believe the property has been used under Class E - Commercial, Business and Service of the Town and Country Planning (Use Classes) Order 1987 (as amended) but may be subject to a range of professional uses STP. All parties should confirm the planning position with the relevant Local Authority. The plan shown on www.omeeto.co.uk relates to the 2007 sub division of the ground floor retail. The conversion of the offices shown has not been implemented.

Services

We understated all main services are connected to the property and the shops are separately metered with their own supplies. The tenants are responsible for maintaining the shops. There is a separate electric and water supply to the first and second floor serviced office suites. These are let on an "inclusive" rental basis. Rents included water, electric, maintenance (interior and exterior), cleaning of common areas.

VAT

All figures are quoted exclusive of VAT, we are advised the shops are registered for VAT which is applicable at the prevailing rate.

EPC

The property is under a single assessment of D(83)

Viewing

Please visit www.omeeto.co.uk for a virtual tour. Physical viewings and be booked once a buyer has reviewed the online information and confirmed they are proceedable. Physical viewings are to be booked in advance via ourselves on 01332 840 328 or joint auctioneers Bagshaw's (Simon Gillibrand 01332 542298).

Accommodation

The accommodation has been measured on a Net Internal Area (NIA) in accordance with the RICS Code of Measuring practice. All areas have been taken from the VOA and should be confirmed.

Floor Sq Ft Sq M
Shop 1 62a Oh So Sweet 587 55
Shop 2 62b Peakdale Outdoor 442 41
FF Serviced office 101 292 27
FF Serviced office 102 189 18
FF Shared serviced office kitchen 96 9
SF Serviced office 201 425 40

Business Rates

The property is currently separately listed on VOA.gov.uk as shown below. Subject to status, some tenants may qualify for rates relief. Shop 1 - shop and premises - £13,750 Shop 2 - shop and premises - £6,700 Office 1 - office and premises - £1,600 Office 2 - office and premises - £740 Office 3 - office and premises - £12,000

Tenure

Freehold

The property is available freehold subject to a number of tenancies producing a combined income of £45,050. Please refer to the tenancy schedule provided. The property is offered for sale under auction conditions, please contact the agent for a link to the legal pack.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

09 Apr 2021


Important Notice

  1. Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
  2. These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
  3. All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
  4. Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.

Map data ©OpenStreetMap contributors.

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